Episodes
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EP60: What I Would Do If I Started A Contracting Business Tomorrow

Tonight's Episode

Building a business requires hard work and constant action. You can’t get massive results without massive action so listen to learn crucial steps to establish and grow your business!

In this episode, we talk about…

  • Activities to generate money:
    • Write a letter to friends and family letting them know about your business
    • Send the letter by mail to the top 20 people on your list of friends and family
    • Ask them to hire you, refer potential clients to you, and ask for warm introductions to other referral sources for your industry
    • Always follow up on referrals received
  • Activities to set up your business:
    • Hire someone on Fiverr or similar sites to create a logo for your business
    • Get a Google Voice number to avoid giving out your personal number
    • Create a Google My Business account
    • Start a Facebook page and Instagram
  • Advice for building your authority:
    • Establish your social media accounts
    • Share relevant content that brings value to clients
    • Comment on other posts and pages similar to your business
    • Everyone should know what you do—Talk about your business so much that it annoys your friends and family
  • Advice for expanding your network:
    • Create a website for your business
    • Join a BNI Group, Business Networking International, as soon as possible
    • Talk to 5 people a day, in person, about your business
    • Engage with people on free sites like Craigslist and Facebook about your work
  • What to do when you start making money:
    • Pay yourself the bare minimum and split the rest: 50% for marketing and 50% for business tools or software
    • Set up your business bank account
    • Secure any insurance and licenses you need for your business
    • Become a Lowe’s or Home Depot’s installation service provider
  • Ways you can work ON the business:
    • Brainstorming on how you can generate more work or new products and services
    • Creating systems and documenting your processes to know what it takes to grow your business
    • Find ways to improve your marketing
    • Collect reviews for your business from every job you do
  • Rinse and repeat until you start making money and systematize your business!

Links to Resources:

Learn how to better manage pressure in the Profit Club – www.hammerandgrind.com/theprofitclub

Facebook group - https://www.facebook.com/groups/thecontractorprofitgroup

Facebook – https://www.facebook.com/hammerandgrindpodcast

Instagram - https://www.instagram.com/hammerandgrindpodcast/

Website – www.hammerandgrind.com

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